Pictet Asset Management Ltd. decreased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,023 shares of the pharmacy operator’s stock after selling 12,250 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Walgreens Boots Alliance were worth $19,464,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Family Legacy Inc. lifted its stake in Walgreens Boots Alliance by 2.5% in the first quarter. Family Legacy Inc. now owns 8,020 shares of the pharmacy operator’s stock valued at $442,000 after buying an additional 195 shares during the last quarter. Cable Hill Partners LLC increased its holdings in shares of Walgreens Boots Alliance by 40.0% in the first quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock valued at $44,000 after purchasing an additional 200 shares during the period. Exencial Wealth Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 1.0% in the first quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock valued at $1,274,000 after purchasing an additional 207 shares during the period. Alpha Quant Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 0.9% in the first quarter. Alpha Quant Advisors LLC now owns 23,730 shares of the pharmacy operator’s stock valued at $1,501,000 after purchasing an additional 216 shares during the period. Finally, TrinityPoint Wealth LLC increased its holdings in shares of Walgreens Boots Alliance by 6.5% in the first quarter. TrinityPoint Wealth LLC now owns 3,615 shares of the pharmacy operator’s stock valued at $229,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 59.80% of the company’s stock.

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WBA stock traded up $0.12 on Friday, reaching $55.68. 210,711 shares of the company’s stock were exchanged, compared to its average volume of 4,468,094. The stock has a fifty day moving average of $52.32 and a 200-day moving average of $55.15. Walgreens Boots Alliance Inc has a twelve month low of $49.03 and a twelve month high of $86.31. The firm has a market cap of $51.37 billion, a PE ratio of 9.26, a P/E/G ratio of 1.42 and a beta of 0.88. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. The firm had revenue of $34.59 billion for the quarter, compared to analyst estimates of $34.52 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Walgreens Boots Alliance’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were issued a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Monday, August 19th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s dividend payout ratio is currently 30.40%.

A number of research analysts have recently issued reports on WBA shares. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 target price on the stock. in a report on Monday, June 10th. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Bank of America dropped their target price on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Finally, Morgan Stanley dropped their target price on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.65.

In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the transaction, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at $18,064,318.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.73% of the company’s stock.